BlairEndersby is a company who assists people with financial difficulties to find a viable solution to their problem. They offer advice and information in accordance with each person's individual situation. The company provides help to people who have debts that total £15,000 or more. Financial problems can occur due to illness, unemployment or increasing credit card rates and no matter what the cause, the staff at BlairEndersby will give a potential client a free, confidential analysis of possible options. The company has been in the business of debt consolidation for over five years and is located on Lloyds Street in Manchester.

BlairEndersby specializes in handling an Individual Voluntary Arrangement (IVA) between a person and their creditors. An IVA is a permanent solution that stops all charges and interest, as well as court actions and the threat of potential bankruptcy. A trained staff member reviews all the current debt incurred by their client, as well as the client's financial status and income, and contacts each creditor to make a reasonable payment arrangement on behalf of their client. Once an agreement has been reached, creditors cannot go back on the arrangement and demand increased payments unless your financial circumstances change significantly. An individual's financial situation is assessed yearly during the period of the IVA.

An IVA consolidates all debt, which is then repaid by making a single monthly payment through the administrator, BlairEndersby. Any fee to be rendered to BlairEndersby is included on the monthly payment and determined by a wide variety of factors, including the amount of outstanding debt and the client's income. The term of an IVA usually lasts for 60 months (5 years). When the final payment is rendered, any outstanding debt is then legally written off by the creditors. The IVA is recorded on your credit file and it does take some time for your credit rating to repair. Additionally, you cannot open any other unsecured credit lines while the IVA is being repaid. If you have a house, you may need to release a portion of the available equity as a contribution to your creditors, but still be able to live in and keep your home. Otherwise, defaults of £5,000 (or sometimes even less) can trigger repossession of your home. It is also possible to keep your motor vehicle, especially if it is a necessary tool to go back and forth to work to obtain income.

An advantage of having an IVA negotiated on your behalf is the possibility that up to seventy-five percent of your debts could be written off as a result. Creditors must stop all interest and charges, as well as collection telephone calls and letters. Court actions are halted, avoiding possible judgments and charging orders against your property. An IVA acts to safeguard pertinent assets,such as a home and motor vehicle, as well as specify a single monthly payment that is affordable.

If a person has a fairly large amount of debt in excess of £15,000 and is reasonably sure that an IVA would be helpful, BlairEndersby can provide free advice to aid in the decision making process. You can contact them by mail, telephone or e-mail.